The three managers were brought on board from SLI where they played a role on the popular Standard Life Global Absolute Return Strategies fund, which is more commonly known as GARS.

In this latest development, the trio will now also oversee the Luxembourg-domiciled Invesco Global Targeted Returns Select fund, which also operates on a multi-asset basis.

This fund aims to achieve a positive total return in all market conditions over a three-year period, while targeting a return of 5% gross per annum above the three-month Euribor, or equivalent.

All investments will be held on a two- to three-year investment horizon and will be drawn from across economic areas and different asset types, which include equities, credit, interest rates, currencies, commodities, inflation, real estate and/or volatility.

According to documents seen by Citywire Global, the fund will seek to minimise risk and improve diversity by holding a minimum of five individual investment ideas from a minimum of three different asset types at one time.

In addition, the fund will not hold any fixed income instruments with a credit rating of below B- by Standard and Poor’s, as well as holding no securitised debt.

The fund, which was formally launched on November 27, is currently Luxembourg-domiciled with further registrations to follow, it is understood.

The Invesco Global Targeted Returns fund returned 4.7% in the 12 months to the end of October 2015. This compares with an average manager return of 3.3% by the peer group of the Alternative Ucits – Multi-Strategy sector over the same period. Both figures are in euro terms.

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